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Hacker Group Anonymous Leaks 35,000 Files Of Stolen Russian Central Bank Documents

Anonymous keeps its promise by renewing its attack on the cybersecurity firewalls of Russia’s Central Bank. According to various news sources, the international hacker collective Anonymous claims to have hacked Russia’s Central Bank and is threatening to leak 35,000 files including “secret agreements” within the next 48 hours. A group associated with the international hacktivist […]

Crypto News

Cardano (ADA) Takes A Tumble After Hoskinson Is Accused Of Falsifying Credentials

Cardano (ADA) is one of the most popular digital assets in the crypto market. The network which has been the subject of never-ending upgrades has made its mark as a force to be reckoned with, both development-wise and price-wise. However, it has been on a downtrend since it hit its all-time high of $3 last year and has not made any meaningful recovery since then. This has recently been further made worse by accusations about the network’s founder, Charles Hoskinson. Hoskinson who founded Cardano in 2017 has come under fire for some information that was published in journalist Laura Shin’s new book. Hoskinson Falsifying Information? In her new book The Cryptopians, Laura Shin opens a window into the world of key players in the space. One of those who made the lineup was Cardano founder Charles Hoskinson. According to Shin, Hoskinson had made some untrue claims with regards to his schooling and education. Shin said that the founder had previously told her that he had dropped out of a Ph.D. program which she had confirmed to be false. Related Reading | Risk Aversion Pulls Crypto Market Down, Bitcoin Still Below $40K Shin made the accusations in response to a comment Hoskinson had made on Twitter calling her book a “great work of fiction.” The crypto journalist had subsequently fired back at Hoskinson asking him to address the discrepancies between his claims about his schooling and the statements from the schools stating that Hoskinson was never enrolled in their Ph.D. program and one of the schools didn’t even offer a math Ph.D. program. Hi Charles, speaking of fiction, do you want to address the discrepancies between your claims of dropping out of a PhD program and the schools' assertions that you were enrolled as an undergrad? pic.twitter.com/gBULGEa6KK — Laura Shin (@laurashin) March 6, 2022 Other Twitter users had replied to Shin saying that Hoskinson never said he had been in a Ph.D. program. To which the crypto journalist had countered with an audio recording of Hoskinson saying that he was a grad student. “I was trying to get a Ph.D., and I ended up dropping out and never finished,” Hoskinson is heard saying on the recording. Cardano (ADA) Takes A Hit Hoskinson is yet to respond to the accusations levied by Shin regarding his claims that he had dropped out of a Ph.D. program. Nonetheless, the digital asset has reacted to this controversy. On March 6, when Shin had posted the accusations, there had not been much movement in the price of the digital asset, although it had continued its downward plunge. However, once the exchange began to gain more attention, the effects were being felt on the charts. ADA falls to $0.8 | Source: ADAUSD on TradingView.com On Monday, March 7th, ADA had taken a pretty significant nosedive that put it below $0..8 for the first time in over a year. A small recovery had since it break back above $0.8 but the cryptocurrency has not had much luck continuing on that recovery as it is now back down to the low $0.8. Related Reading | TA: Bitcoin Faces Uphill Task, Why BTC Bears Are Still In Control Laura Shin’s book opened a conversation about a lot of leaders in the crypto space and their conduct over the years. But besides calling the book a work of fiction, Charles Hoskinson has not said much about the book or the parts that involve him. Featured image from Cointribune, chart from TradingView.com

Crypto News

Cardano Inventor Front-Ran SundaeSwap Users? Research Casts Light

Over the weekend, a Reddit post accusing Charles Hoskinson, inventor of Cardano of front-running SundaeSwap users went viral. A pseudonym user said Hoskinson used a large amount of ADA to benefit from a price hike on the decentralized exchange native token, SUNDAE. Related Reading | Cardano Price Up And Down Amidst SundaeSwap Launch As one of the first DEX running on Cardano, there is a lot of hype around SundaeSwap. The ADA whale, according to the user, used his funds to queue jump other users and be one of the first to benefit from SUNDAE’s launch. The pseudonym user based the accusations on three alleged facts: a large SUNDAE order was placed before the DEX was deployed, a wallet with millions of ADA was created specifically for this event, the funds can be tracked to another wallet with “a billion of unstaked ADA” or an entity sitting at the top of the Cardano rich list. The pseudonym user claims the large transactions were linked to the inventor of Cardano after “about an hour clicking CardanoScan links”. The user provided a link of addresses related to his claims which can be viewed in the following link. In addition, the pseudonym user addressed the possibility of a crypto exchange or similar entity involved with the transaction rather than Charles Hoskinson by saying: I do not think any of the addresses in the chain of CardanoScan links below are exchange wallets. You can take a look through them and try to identify which you think is an exchange, but it looks to me they are regular wallets. Most of the addresses in the sequence have just a single input and single output, so it was easy to trace. Since IOHK, the company responsible for developing Cardano, was a key player on many of the projects or components on this network’s ecosystem, seems logical a large portion of ADA is linked back to them. However, the pseudonym user seems to believe that an important portion of the ADA supply in circulation can’t be linked to IOHK. Inventor Of Cardano Replies To Accusations The inventor of Cardano, Charles Hoskinson, replied to the accusations and to the Reddit post. Via his Twitter account, Hoskinson said: Had a look at the sundae Reddit posts that have been cropping up. It looks like the funds came from a Coinbase custody account that aggregates thousands of users. Later, Hoskinson shared a link to a full investigation conducted by Colin Edwards, a Quantitative Strategist at IOHK. Therein, he explains Cardano’s UTXO model and by using on-chain analysis tracks down the SundaeSwap frontrunner. Edwards posted the transactions that “jumped the queue” and the tools he employed to conduct his investigation. Ultimately, he concluded that a wealthy client probably using Coinbase Custody was behind the transactions. IOHK’s Quant said a subpoena, a product of a legal procedure, could identify the actor. He added: (…) practically all Ada is within 3 transactions of being on an exchange where it would have mixed with funds originating from IOHK. Having funds originating from IOHK deposited at a large custody company, along with funds from thousands of others, is a statistical certainty – not a smoking gun. Related Reading | Here’s What Cardano Founder Charles Hoskinson Wants For Christmas As of press time, ADA trades at $0.93 with a 9.2% profit in the last 24 hours. The 9th crypto by market cap seems to be following the general sentiment in the market as it bounces back from the lows amid Russia’s invasion of Ukraine.